Dinamo Productions, the Wales-based kids’ TV animation studio behind Rastamouse and Abadas, has gone into administration, according to a report by Television Business International.

The company, which handles co-production, original IP development and animation services, reportedly filed for insolvency on June 26. Administrator Begbies Traynor is handling the matter.

Based in Pontypridd, Dinamo is best known as an associate producer on CBeebies hit Rastamouse with Three Stones Media and DHX, which sells the show internationally. Dinamo is also a co-producer on preschool series Abadas, along with Dublin’s Kavaleer Productions.

Founded in 2004 by Owen Stickler and Aron Evans, the company has worked on projects for the BBC, S4C and CiTV in the UK as well as Al Jazeera Childrens Channel, Disney and South Korea’s EBS in international markets. As recently as March it was recruiting new staff.

Three Stones Media, which along with the Rastamouse Company, DHX and Dinamo produces Rastamouse, issued a statement about the upcoming third season of the season:

“Obviously, Three Stones Media and the Rastamouse Company are concerned about the news from Dinamo. Returning to Trefforest (Cardiff) for the second Rastamouse season was proof of our belief in the people who helped bring Rastamouse to the screen. We are currently looking at ways to be able to support this pool of talent as we embark on a third season of episodes.

Away from the issues affecting where Rastamouse will be animated in the future, it’s business as usual for Rastamouse as we develop across a number of platforms on-screen, in licensing, and in the live space.“

Jennifer Wolfe is Director of News & Content at Animation World Network.